show me the money!!, page-54

O,

The only reason I purchased LCY was because you were a shareholder. I mean, if an intellectual giant like you has invested in them, then I have to get in as well.

The is so much speculation going on at the moment it is clearly driving a few posters insane. I have put forward a theory or two based on what is being said by each of the proponents. Some posters tend to ignore the facts that don't suit their arguments or that are delivered by the Directors of the company they are not aligned with.

The facts are pretty simple:

* A JV was signed. This is a formal & binding agreement were each party needs to perform their obligations to reach an outcome;

* Subsequently, a variation to the deal was negotiated by way of a term sheet (a non-binding document) that required formal ratification (and performance) before being enforceable;

* One party - LCY - has walked away from the term sheet. (The reasons are what's being hypothesised long and loud over the past few days);

* Meaning: the original JV agreement remains in place and enforceable (by both parties) until a new agreement or variation is negotiated.

So, we just wait and see what's next. As many of the more reasonable posters have said: "be patient".